Overview
What is Randolph Electric Membership Corporation?
Randolph Electric Membership Corporation is a North Carolina-based nonprofit organization, with a PO Box address in Asheboro, dedicated to delivering energy and top-notch services to its members and communities. Their mission is to make electric energy accessible to their members at affordable costs, ensuring sound economy and good management. The corporation, employing 91 individuals, works diligently to meet the energy needs of its community.
Official website here: www.randolphemc.com
Is Randolph Electric Membership Corporation legitimate?
Randolph Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Randolph Electric Membership Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $546,053
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.randolphemc.com
What is the mission statement of Randolph Electric Membership Corporation?
Randolph Electric Membership Corporation is committed to making electric energy accessible to its members at an affordable cost, while maintaining sound economy and good management. The corporation puts great emphasis on delivering superior services that cater to the requirements of its member base and communities. Randolph Electric Membership Corporation's dedication extends to providing energy and top-notch services in response to the evolving needs of its members and communities.
Official website here: www.randolphemc.com
Who is the CEO of Randolph Electric Membership Corporation?
Dale Lambert is the CEO of Randolph Electric Membership Corporation The CEO's salary of Randolph Electric Membership Corporation is $368,219 and their total compensation is $383,806.
Official website here: www.randolphemc.com
What is the revenue of Randolph Electric Membership Corporation?
Randolph Electric Membership Corporation's revenue in 2023 was $72,253,775.
Official website here: www.randolphemc.com
Who are the executives of Randolph Electric Membership Corporation and what are their salaries?
The average compensation at Randolph Electric Membership Corporation during 2023 was $5,935. There are 92 employees at Randolph Electric Membership Corporation.
Here are 15 key members and their salaries (Randolph Electric Membership Corporation's CEO's salary is $368,219 and their total compensation is $383,806):
- Compensation: $368,219
- Related: $0
- Other: $15,587
- Compensation: $213,889
- Related: $0
- Other: $39,401
- Compensation: $186,671
- Related: $0
- Other: $35,871
- Compensation: $147,744
- Related: $0
- Other: $41,898
- Compensation: $168,971
- Related: $0
- Other: $10,623
- Compensation: $147,147
- Related: $0
- Other: $14,790
- Compensation: $23,306
- Related: $0
- Other: $0
- Compensation: $17,603
- Related: $0
- Other: $3,600
- Compensation: $19,506
- Related: $0
- Other: $0
- Compensation: $19,456
- Related: $0
- Other: $0
- Compensation: $16,456
- Related: $0
- Other: $0
- Compensation: $16,054
- Related: $0
- Other: $0
- Compensation: $23
- Related: $0
- Other: $15,633
- Compensation: $3,721
- Related: $0
- Other: $11,833
- Compensation: $56
- Related: $0
- Other: $15,000
Official website here: www.randolphemc.com
Where can I find the form 990 for Randolph Electric Membership Corporation?
Randolph Electric Membership Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.randolphemc.com
Learn more at the official website: www.randolphemc.com
Mission Statement of Randolph Electric Membership Corporation
Randolph Electric Membership Corporation, a dedicated organization, is committed to making electric energy accessible to its members at the most affordable price, balanced with sound economy and good management. In pursuit of this mission, the corporation prioritizes the delivery of energy and superior services to cater to the needs of its members and communities.
The corporation's unwavering dedication to its members and communities drives its operations. It strives to ensure that energy is available to its membership base, responding to their requirements effectively. By focusing on both energy delivery and superior services, Randolph Electric Membership Corporation sets itself apart, aiming to exceed expectations and foster long-term relationships with its clientele.
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Impact
October, 2024
Randolph Electric Membership Corporation enhances the quality of life for its members and communities by providing electric energy at the lowest cost while adhering to sound economic principles and effective management practices. By focusing on delivering reliable energy and superior services, the cooperative directly addresses the energy needs of its members, ensuring that they have access to essential services that contribute to their daily lives.
Located in Asheboro, NC, Randolph Electric is dedicated to fostering strong community ties and responding to the evolving needs of its members. This commitment not only promotes energy accessibility but also supports local economic development and sustainability efforts. As a vital energy provider, Randolph Electric plays a significant role in empowering its members, enhancing community well-being, and contributing to the overall public benefit.
This information is meant to be a general summary of Randolph Electric Membership Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $132,119
- Program Service Revenue: $71,878,312
- Gross Receipts: $72,253,775
Assets and Liabilities:
- Total Assets: $191,252,584
- Total Liabilities: $129,116,654
- Net Assets: $62,135,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SALES
Revenue
$69,039,114
CAPITAL CREDITS
Revenue
$1,661,859
OTHER ELECTRIC SERVICES
Revenue
$926,827
POLE RENTAL
Revenue
$250,512
Organization Details
Founding Year
1939
Principal Officer
Dale Lambert
Website
www.randolphemc.comNTEE Category
Code: W80 - Public benefit
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